Small investors, married couples, motorists and holidaymakers are likely to be hit with tax rises under plans unveiled by the coalition Government. Cameron confirmed that the coalition Government would push ahead with plans to increase sharply capital gains tax on the sale of second homes, shares and buy-to-let properties.
The plans, which could see the tax more than double from 18 per cent to 40 or even 50 per cent, will be set out in detail in next month's Budget.The tax increases, which will affect the middle classes, are designed to protect lower paid workers and help pay Britain's debts.
More money is expected to be raised by changing the way flights are taxed, which could add more than £300 to the cost of a long-haul family
More money is expected to be raised by changing the way flights are taxed, which could add more than £300 to the cost of a long-haul family
holiday.
via The Telegraph
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